Feeds

Morse buys Delphis for up to £40m

Pumps up services

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Morse, the mid-range computer reseller, is beefing up its services capabilities with the acquisition of Delphis Holdings.

It is paying £15m upfront, 600K in cash and the rest in loan-notes and shares. Delphis could gain up to another £25m in loannotes and shares depending upon profits performance for the next three financial years.

Formed as a division of JHC PLC in 1993, Delphis was sold to management in 1998. It has 265 full-time staff of which 233 are fee earners. Delphis is headquartered in London and has annual sales of over £13m.

It reports operating profits, before acquisition expenses, of £2m for the year to 30 June 2000. The company retains its name but is to be integrated into Morse's professional services group. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.